HomeMy WebLinkAbout0829 Our File 5-43,136-1
~~"s w~r~~a=e ur utArr tr~mfer uf ulle to IAe m~w~~a~ed pn,pe~ty i~ eat~a~unAmewt u/ tAe ~nJcMeJnes~ secwed herthy. sN r~M. IRk
swd iwtetat uf Ihe Mottp~ ia awd lu aoy iwswsnce p~tic~es Ihea ~n f~?rce sAsM pass tu IAe pu~cluse~ ut ~taalee.
(~1Tu psrlonw. cumPly wi1A •~d •bide by esch and sve~y tAe alipulatiuas, a~reewro~ts, cowdMr~ws sat avrensnts ~a sa~d pa~miawry
note awd i~ ~Ais JeeJ ssl fonA.
IAsI if aar of s~Nl sums of mooey Aae~n rsfer~rJ 1~~ he nnt prumpir anJ (uliy pr.:.1 ~RAin tifisrrt day. Aa ii 3titf tAt U111t K1LYiII~
be.oeats due and payaAk. ~r it sacA and every ~ht a1~pu41N~n~. a~rtemeola. aundilM.m am! u~vaunl. ~d uKt {rum~av~ry nola anJ Ihn
deed. or eqAer, ue nul fullY p~*f~Kmed. .ompl~rd M~th a~wf ~A~JtJ Ay. tAe aad +aretiate awn ment~nneJ m.a~d promi~v~ry note ~hatl be-
~ome dYe snd psysbk (orlhwilA ~u ~herratler a1 Ihr oplN~n ~A Ihe ~In~t~a~ce a• fuily and a.mpletelY s~ t ~he sanf ~~pepte wm ol ~aN1
pro~nnsMy note wasor~aullY s~~pubted l~+ be psr! o~ swh ~by. aorlh~~ m aawl pom~~y aote er Aae~n to tAr.oM~ary er?~vr~~AtirnJuK.
U1 TAaI in urde? tu sccrltrate Ihe mstutMy uf Ihr inJeblrJness Aaehy seruted. heause of IAe fa~lurt ui the Mun~a~or t~~ pay sny taa,
aasnso~enl. lul~iMy. ohli~atN~n w cncumD~ance up~e sa~J ptnpr~ty, as herein prorWeJ. il ahaY n.M he necesssty w reyuisNe lAs1 the
iourt~a~et alull tvsl WY IAe samt.
2: Tbe Mort~gst may. at his op~ion, snd without waiviaa his ri~t to accekate tbe indebtednes bereby secund
aad to tonclose the same, pay either before or after deliquency any or all ot tbo~e eertsin oWiptions cequired by the te~
hereof to be paid by tbe MoMgagor tor the protectaa o( the mo~tp~e security or tor tbe cdkctiae ot the indeMed~ss
he~rb~r xcurrd. AM sums so advanced or paid by the Mo~tg~eee shaM be cbar~cd iato d+e mortp~e secount ud become an
i~te~ral part thereof, wbject in a/ raptcts to the terna, conditions, and coveasnts of tbe aforesaid promissory note. snd this
a~ortp~r, is (uUy wd to the same exteat as thouah a part of the ori~inal indebtedness evidenoed by said note and secured by
tris aro~tpse. exceptin= bovrerer. that ~id sums shaU be repaid tbe Mortaa~ee fwthwith upon its demand and be in sdditaa
to tbe ~ moathly insts~mrnts providcd by the moA~e aott.
3. That the sbstract ur sbstncts of titk coverina the mortdsaed propertY shall at aM times. duriaa the 5te ot this
~t~e, rrmaia in possession of the MortEssee snd in ev~ent of the toreclosurc oi tliis matp~e or other trsnsfer ot t~k to
dre mortp6ed property in extiaguishment of the indebtedness securrd herebr, aY r~ht, titk aad interest of thc Mortp~C?r in
and to my such abstncts of titk shs~ psss to the purchaser o~ gsntee.
4. To the extent of the indebtedaess oi the MoNpgor to the Mortpaee descrbed hereia or secured here~y, the
Mort~~~ee is he~rby wbrogated to the lien or liens and to the ri~ts of the owmea and faWas thereof of esch and eMery
a~ortp~e, tien w other incumbraace on the land described herein w~hich is paid aad/or sdisfied, iu whok or in put, out o[
the prooeeds of the luaa described herein or secured hertby, aud the rrspe~~tive lieas ot said mortg~es, lirns or othe~ incum-
bnn~YS, s1uU be and the same and ach of tbem herrby is p~eserved and s6aq pass to and be beW by the Mortg~ee bereia as
security for tbe indebtedness to the Mort~agee he~+ein described or hereby secured, to the sa~ae exteat thst it wodd hare beea
p~es~ved and would hsre been pzssea to and beea beW by the Mortds6ee had it beea ddy and regulariy assigned, tnns-
fertcd, set orer, and delivered unto the Mortgsgee by separate deed of as~me~l, Qotwitlataadina the fact that the same
may be sstisP~ed and caneelkd of record. it being the intendon ot the puties 6ereto that tbe taa~t wi~ be satisfied and po-
cdkd of record by the hdders thereof at or about the time of the recordius of t6is mo~tp~e.
S. In the event the ownership of the mortgaged premises. or any part thereof. btcanea rested 'm a person other thau
tbe Mortgsaor, the Mortg~ger may, without notice to the Mortga`or, dal with ~such sucaessur or sucoes9ors in intercst with
rrfe~eace to this.dced and the debt hereby secured, in the same rt~anner u witb ii~e Moripsor wiinout in any way viiiaiirg or
discharpn6 the Mortg,~or's Gability hercunder or upon the debt hereby securcd. No sak of the premises bereby mort~,a6ed .
and ra forbeannce on the {art of the Mortgagee, and no extension ot the time for the paymeat ot the debt hereby secured
~cn by the Nortg~Eee shall operate to rrlease, discharge, modity, d~anse w aftect tbe orisinal lisbility of the Mort~gor
hereia either in whok or in put. . -
6. The liea ot this deed secures and sha~ rnntinue to secure paym~wt of said indebtedMSS or indebtedness, how~ever
' eridenoed, rrhether by said promissory note or any rrnewal or extensioa thereof or substitute therefor, or otherwise, unt8 ar
~ sach indebtedness slull have been tulty poid.
' 7. /n tiie eve~u the ?nnrtgagors scli, cunvey ur tra»sje~ the mo~tgrrged p?r~nists drui?ra tire Gje oj this mongage, tleen
rhis martgage sl~ull, at the upt~~n oj N~e :Slortqegee herein, bero~ne immediatdy due and p~yiob/e jor the jul/ sum oj th~
~ p~a~ipo! balQik•e arnt interest then due.
f 8. The tcrms •'Mongsgoi ' and •'Martgagee" whenever used in this iastnuneat shaY indude the heirs. personal rtprc-
j srnatires, successors and assigns of the respective parties hereto. M?herever u~ed the sina~u number sha0 indude the plunl
~ and the plural th~ singular, and the usc of any gender shaU include aY ~enders_
a
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~ . seakd a li ad ' resence of: ~i
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~ ~ 4 ~ .
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~ STATE OF FLORIDA ~ _
COUNTY~F~
~ t. uc
~Y ~Pt~d WILLIAM C. BROWN and CONNIE BROWN, his wife
~ to ~e w~ kno~ru ~d known to me to be tht iadiniduah dacnbed in and w~fw executed tbe tore~oe?~ instrwneat, and
~ sdcao befae me that the executed the asme tor the
Y P~rpoKS t6ereie expresed. WITNESS my hand and official seal
~ ie t6e councy and stsce lase atore.nid chis lOth day of November, 1978.
I ~;~EO t~ND RECOROE~ = _ .
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